Decimal odds are the most common way odds are presented and they are the easiest to understand, making them a favourite option across the world of sports betting. However, if you’re used to using odds in a different format then you can easily adjust that on our Unibet website by scrolling down to the bottom of the betting client where you can choose from Decimal, Fractional and American odds.
Understanding Decimal Odds
Decimal odds are really straightforward as they are simply your stake multiplied by the odds, which then equals your payout. A simple example for decimal odds is:
Your Stake x Odds = Payout
For instance, if you decide to bet on Manchester United and the decimal odds to win are 1.82, if you place a £10 bet, your potential return on your bet would be £18.20. Keep in mind that this counts your original stake of £10, so your net profit on a winning bet would be £8.20. Let’s look at another example.
Just remember that when using decimal odds, your original stake is calculated into your potential winnings, also known as returned stake. When determining your potential net profit, always remember to account for your original stake.
The breakeven odds for decimal odds betting are 2.0, or evens as it’s sometimes referred to, as these odds will simply double your stake. Decimal odds below 2.0 are less than even money odds, the potential profit will be less than your stake. Odds above 2.0 will be plus odds, meaning your potential return will be more than your stake.
What are Fractional Odds?
Fractional odds are mostly used in the United Kingdom and Ireland. Rooted from use in horse racing, fractional odds are one of the oldest forms of odds for sports betting.
Fractional odds are displayed as 10/1 or 7/2. There are several ways to try and understand them but the easiest way is to understand the relationship between ‘how much you will win’ in relation to ‘how much you wager’. So for example if you stake £1 at 10/1 you will win £10 (remember that’s your profit, you will receive your pound back too!). If you stake £2 at 7/2 then you will win £7 and get your £2 stake back.
You can see odds which appear to be the wrong way round for example 1/10 or 2/7. These are what are referred to as ‘Odds-On’ selections and you would have to stake £7 to win £2. You will see odds of this type when there is a strong favourite to win. For example when Barcelona play at the Camp Nou, odds are always going to be displayed in this way.
What are American Odds?
American Odds always use a base value of £100, irrespective of how much you’re about to wager. For favorites you are always risking the money to win £100, and with underdogs you risk £100 to win the amount.
A -135 favorite means you must risk £135 to win £100 from the bet. So you either lose £135 or win £100.
A +350 underdog means you risk only £100, but should your bet be successful, you’ll win £350. You either lose £100 or win £350.